gdog

Nine Media Predictions for 2009

"8. Social networks will start translating their members into advertising dollars"

This is craziness. Social Media has yet to be proved the run-a-way success people hope for, and the ad revenue monetization is just not there, at least not the way most people have hoped it would be.

Myspace was bought for 800mm, and then turned around and singed a 4 year 900mm deal with Google, and Google claims they got hosed in the deal.

NOw facebook wants to be seriously valued at over 1billion bucks, much less 15bb? Ridiculous.

The number of internet companies with big names and audience, and not a clue on how to make money is staggering, and they all wish they had a solid business model in place now.

The mantra of "build it and they will come..." has been the cry of hundreds of failed valley startups, and little has changed. Expect some spectacular crashes!